VAT Memo

Output tax

 CHAPTER 1  Time of supply 

VAT becomes due on a supply at the time the supply is treated as taking place (often referred to by the non-statutory term tax point). The tax point differs depending on the type of supply made.
The general time of supply rules set a “basic tax point” (¶764), and an “actual tax point” (¶766) for each supply. These general rules are modified:
-  for certain types of trader (

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